Research

Report

Pulse: Economic Update - GDP growth slows in Q4

The Australian economy expanded by 0.4% in Q4 and 2.3% through 2011. Growth is slowing and is still below long term average pace (3.0%).

The implications of these figures vary for each property sector. - Output from key white collar sectors picked up in Q3 and Q4 which suggests on-going recovery in the office sector. - Household consumption figures indicate that spending continues to be drawn away from the retail sector and towards non-retail spending categories.- Rising import volumes and inventories will support demand for industrial space going forward, although perhaps not as strongly as in previous years.​